- Finnish Parliament approved lowering the reduced VAT rate from 14% to 13.5% starting January 1, 2026.
- The new rate applies to food, catering, passenger transport, accommodation, books, cultural/sporting services, medicines, and animal feed.
- Public broadcasting services (YLE) will also be taxed at the new 13.5% rate.
- Businesses and customers will need to adjust billing and ERP systems, especially for advance payments or staggered sales.
Source: asd-int.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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